Trending...
- Truck Accessory Store Discusses Top Accessories to Make Trucks Better
- Inc. Names Talentica as a 2024 Power Partner Award Winner
- Finding Family DNA Podcast Series Wins Gold!
SAN ANTONIO - illiNews -- Balam, a pioneer in stablecoin-backed remittance infrastructure, and Transfera, a Lana Group Inc. company known for its co-branded debit cards with brands like Chivas del Guadalajara, have joined forces to launch the world's first Remittance-as-a-Service platform. This cutting-edge solution is designed to transform how US immigrants send remittances, projected to expand to more than 10 countries by the end of the year.
With this collaboration, Balam provides the robust infrastructure and seamless API integration, enabling institutions like Transfera to offer remittance services that are 10X faster and 80% cheaper than traditional methods. The partnership marks a significant leap in cross-border payment solutions, paving the way for more accessible, cost-effective financial services for US immigrants.
"Finding a fast, affordable remittance solution has been a long-standing challenge for our customers," said Antonio Regojo, CEO of Transfera and Lana Group. "Partnering with Balam Pay allows us to deliver a cutting-edge solution that meets the demand for faster, more affordable cross-border payments, while leveraging Balam's expertise and innovation."
More on illi News
"Our platform addresses the long-standing inefficiencies in cross-border payments," said José Alberto, CEO of Balam Pay. "By reducing both the time and cost associated with remittances, we're not just keeping pace with demand—we're setting a new standard for the industry."
By year's end, Transfera and Balam will expand their services to key markets across Latin America, including El Salvador and Guatemala, marking a major milestone in transforming the financial landscape for immigrants across the Americas.
Visit our website today to experience the future of Remittances-as-a-Service: https://www.transferapay.com
Disclaimer: Balam and its affiliates are technology companies, not financial entities. Balam does not issue Stablecoins or any other digital currencies or securities, nor holds customer funds or perform money transmission. Balam offers a technology platform that allows businesses to access services provided by regulated entities. Financial services are provided by our Financial Partners, who possess the necessary licenses.
With this collaboration, Balam provides the robust infrastructure and seamless API integration, enabling institutions like Transfera to offer remittance services that are 10X faster and 80% cheaper than traditional methods. The partnership marks a significant leap in cross-border payment solutions, paving the way for more accessible, cost-effective financial services for US immigrants.
"Finding a fast, affordable remittance solution has been a long-standing challenge for our customers," said Antonio Regojo, CEO of Transfera and Lana Group. "Partnering with Balam Pay allows us to deliver a cutting-edge solution that meets the demand for faster, more affordable cross-border payments, while leveraging Balam's expertise and innovation."
More on illi News
- Uber and CLEAR Partner to Enhance Rider Verification Program Nationwide
- Alaskan Artist Builds Business to Fight Global Exploitation Through Fashion
- Thomas M. Grange announces the new MAZDA6RED CLAN (MAZ6R), a unique World of Warships Clan!
- John Atencio Hosts Legacy Of Love Bridal & Diamond Event This November
- Dogma Systems lanza Security@Dogma: Solución Integral para la Seguridad de la Información
"Our platform addresses the long-standing inefficiencies in cross-border payments," said José Alberto, CEO of Balam Pay. "By reducing both the time and cost associated with remittances, we're not just keeping pace with demand—we're setting a new standard for the industry."
By year's end, Transfera and Balam will expand their services to key markets across Latin America, including El Salvador and Guatemala, marking a major milestone in transforming the financial landscape for immigrants across the Americas.
Visit our website today to experience the future of Remittances-as-a-Service: https://www.transferapay.com
Disclaimer: Balam and its affiliates are technology companies, not financial entities. Balam does not issue Stablecoins or any other digital currencies or securities, nor holds customer funds or perform money transmission. Balam offers a technology platform that allows businesses to access services provided by regulated entities. Financial services are provided by our Financial Partners, who possess the necessary licenses.
Source: Balam
Filed Under: Technology
0 Comments
Latest on illi News
- Amphix Bio lands federal and state grants to manufacture regenerative therapies
- Jann Klose Signs with The Royalty Network, Releases New Single
- Coker Announces Acquisition of Healthcare Consulting Firm, TTG Healthcare Advisors
- Paul Ormsby is appointed by STS Capital Partners as Senior Vice President of Operations
- J Street Property Services Secures Land for Future Multifamily Development in Kerrville, TX
- Debbie Reynolds Announces IoT Advisory Board's Final Report on Privacy Standards for IoT
- SF Comedy Novel "Sex On the Wrong Brain" Claims Fascist Regimes Limit Reproductive Rights To Fuel Masturbation, Urges Simple Sex Ed Lesson
- Various Measures Introduced to and Approved By Chicago City Council
- OpenSSL Forms Business Advisory Committees: Shape the Future - Join Now!
- Last Chance for Green Card Dreams: DV Lottery Deadline Extended to November 7
- Advisors Mortgage Group Celebrates 25 Years of Building Dreams and Strengthening Communities
- SOVAS Honors the Legacy of James Earl Jones With the Newly Established "The James Earl Jones Prize"
- Chicago: Mayor Brandon Johnson Unveils Fiscal Year 2025 Budget Focused on Investment, Equity and Fiscal Responsibility
- Nayarit Becomes An Official Tourism Destination of the Los Angeles Lakers
- Nexgen Outfitters Secures GSA Contract, Bringing Premier Outdoor Sporting Goods and Equipment to Federal, State, and Local Agencies
- Onestreet Residential Closes On Hearthside Riverdale Site
- Chicago: Mayor Brandon Johnson Launches Transparency Site Showing Road to Recovery Plan Spending and Impact
- Transform Your Date Night with Lick Pineapple Flavored Massage Oil – The Perfect Gift for New Relationships
- Eighth Blackbird Announced as Artist-in-Residence at the Athenaeum Center for Thought and Culture
- Alessia Moccia of E-uphoria: Bridging Fashion, Art, and Technology in NYC